Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey - 2024

Contents:

1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey (CIF) - 2024
2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey (FOB) - 2022
3. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey
4. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey (CIF) - 2024

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $18,281 per ton in January 2024, waning by -25.7% against the previous month. Over the period under review, the import price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 278% against the previous month. As a result, import price attained the peak level of $55,756 per ton. From July 2023 to January 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the UK ($388K per ton), while the price for Italy ($3,000 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey (FOB) - 2022

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $11,493 per ton, increasing by 58% against the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 111% against the previous year. As a result, the export price attained the peak level of $19,943 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($32,658 per ton), while the average price for exports to the United States ($2,651 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses imported into Turkey soared to 356 tons, rising by 38% against the year before. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $5.3M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Turkey in 2022:

1. Brazil (138.9 tons)
2. United States (71.1 tons)
3. Cyprus (41.3 tons)
4. United Kingdom (39.5 tons)
5. Germany (27.3 tons)
6. Spain (18.3 tons)
7. Italy (4.9 tons)

Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Turkey

Exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses from Turkey soared to 31 tons in 2022, jumping by 60% compared with the year before. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 164%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $357K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Turkey in 2022:

1. Netherlands (22.0 tons)
2. United States (3.8 tons)
3. Yemen (1.6 tons)
4. United Kingdom (1.2 tons)
5. Spain (1.1 tons)
6. Iraq (0.4 tons)
7. Indonesia (0.4 tons)
8. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform